Pty Ltd company tax returns, franking accounts, Division 7A management, ASIC compliance and director-level tax advice.
Private companies face a distinct set of tax obligations: 27.5% or 30% corporate tax rate, franking-account maintenance, Division 7A on shareholder loans, personal-services-income rules and ASIC annual review compliance. TaxAssist Oxley prepares company tax returns for hundreds of small Pty Ltds across south-west Brisbane, from single-director service companies to family-owned trading businesses.
Each return includes a full reconciliation of the franking account, review of Division 7A minimum yearly repayments, treatment of director loans and drawings, small-business concessions where they apply (aggregated turnover test), loss recoupment tests, R&D concession claims where applicable, and where relevant a cross-check against the shareholder's personal return.
We can also act as your ASIC agent — maintaining the corporate register, lodging annual returns, notifying changes of directors, share issues and address updates. One point of contact for tax + corporate compliance.
27.5% for base-rate entities (aggregated turnover under $50m and passive income under 80%). 30% for other companies. We confirm your rate every year.
Yes. Every company return we lodge includes a full Division 7A review — minimum yearly repayments, loan-agreement drafting, distributable-surplus calculations.
Yes. We register the company with ASIC, draft the constitution, apply for TFN/ABN/GST/PAYG registration and set up the corporate bank account and Xero file — typically within 5 business days.